MODULE 1 (A STEP-BY-STEP BLUEPRINT)
MODULE 1
A STEP-BY-STEP BLUEPRINT
STEP 1 – REGISTER AN ACCOUNT ON AN EXCHANGE
If you want to trade cryptocurrency, then you need to open an account and register with an exchange eg, Binance, FTX, Bybit, BitMEX, Huobi, Kucoin any of these will do. If you simply want to buy cryptocurrency as an investment and not really interested in trading, then go to step 3.
EXCHANGES TO AVOID would be Bitrue.com and IMAXBTC.com and Blockchain.com
Just remember, any corporations may come and go, and their interface / tools may certainly change over time. If you struggle and need assistance, coaching or mentoring sessions see our contact info at the end of the book. (15min, 30min, 1 hour) don’t hesitate, get in contact, we’d love to help, you might be pleasantly surprised.
When you book an appointment with someone, consider the cost, the value. Have a sense of appreciation even when charge for the time: For example:
SOMEONE EARNING $100,000 ANNUALLY: Hourly Rate: $49.60
SOMEONE EARNING $1Million ANNUALLY: Hourly Rate: $496.03
SOMEONE EARNING $10 Million ANNUALLY: Hourly Rate: $4,960.32
A Billionaire could easily charge you $500,000 per hour. Consider the cost. TIME IS VALUABLE!
I am only going to charge you from the perspective of the 365 day challenge where you turn $100 into 1 million dollars in under 365 days with the compounding strategy as if I have only recently reached that million dollars – Terms and conditions apply.
TIP: If you simply want to buy and hold cryptocurrency (not interested in trading) then a digital wallet will suffice as explained in step 3.
Not all cryptocurrency is built around decentralization (away from a central, authoritative location or group) To explore the philosophy surrounding this, before making any decision, perhaps familiarize yourself with Andreas M. Antonopoulos and what he has to say, perhaps start here:
but even then, you may want to see MY VIEW OR SUMMERY ON CRYPTOCURRENCY
STEP 2 - UPLOAD FUNDS TO THE EXCHANGE
You may do so by using a credit/debit card facility, however, above a certain threshold eg. $10,000 you will be required to make use of a third-party payment provider, do check their transfer fees. This may differ for each individual dependent upon their Country of Residence.
Most exchanges will guide you through the process. Even though we live in New Zealand and could have made use of either Bit Stamp, or Bit Prime (3rd Party Provider) at the time, we decided to made use of Independent Reserve situated in Australia as they had much lower transfer fees at the time, but this may change over time.
TIP: You cannot transfer one token to another token address. If you transfer XRP for example to an LTC wallet address, the money will be lost. You can however buy certain coins directly with fiat money.
Also ensure the network you choose to deposit matches the withdrawal network, or assets may be lost:
· BEP2 (Binance Chain)
· BEP20 (Binance Smart Chain)
· ERC20 (Ethereum)
· TRC20 (Tron)
STEP 3 – DOWNLOAD A DIGITAL WALLET
You may want to download a digital / online wallet eg. (Crypto.com,[1] Exodus, Uphold, Luno, Xapo) any one will do (your personal preference). Again, any corporations may come and go, and their interfaces / tools may certainly change over time, so due diligence is required. Remember, no one leave their life’s savings in their pocket wallet, that is irresponsible. We never leave more than $3000 on one of these wallets. The digital online wallet certainly makes it easy to transfer funds to friends and family when needed and in most cases like crypto.com; provides a card facility that allows you to do online purchases or have your spouse pay for monthly groceries, which we top-up as or when needed. Do your own due diligence; last I check, the card facility weren’t available in Africa.
The safer way to store your life’s savings is through a Hard wallet (external Wallet).
STEP 4 – INVEST IN A HARD WALLET
You don’t have to, but you may want to invest in something like a Hard wallet over time. We make use of both the NanoLegerX and NanoLegerS. There are other alternatives on the market. This is where, if you decide to store your Digital Assets (Crypto Currency) which you intend to hold as a long-term investment. You don’t necessarily want to keep all your funds on the Exchange or in an Online wallet.
You may want to explore options such as Blockfi, Gemini, Celsius, Blockchain, Nexo, Kava, Fulcrum and the likes through which you can earn interest on your capital which sounds a lot more attractive than leaving your money on a hard-wallet.
STEP 5 – TOOLS TO TRADE
So, you want to become a cryptocurrency day trader, and take it seriously, then you want to equip yourself with the tools necessary to offload some of the stress, aggravation and frustrations that comes by simply using an exchange and therefore, we suggest you look no further than 3Commas and Tradingview. These platforms are not necessary for the beginner. You don’t need this to get started.
On most other exchanges, once you placed an Order (purchase), you need to set the perimeter of where you want to Take Profit OR a Stop Loss. You cannot always set both and that is a bit inconvenient.
3Commas provides a Smart Trading option, as well as DCA bots, GRID Bots, and Option Bots which can execute trades while you sleep. Another great reason to use 3Commas is that you can connect multiple exchanges on the 3Commas Platform.
To utilize 3Commers’ trading bots, you will need an API key (Application Program Interface) from your Exchange to give 3Commas access to simultaneously carry out multiple trades at the same time.
Tradingview needs no introduction, and certainly provides indicators, charts, alerts, and much, much more, and certainly useful for when automation is of concern and particularly useful when it comes to alerts.
If you struggle and need assistance, coaching or mentoring sessions (15min, 30min, 1 hour) don’t hesitate, get in contact, we’d love to help, you might be pleasantly surprised.
clicks2life@gmail.com
DISCLAIMER:
The Information in this blogpost is provided from or through this blogpost is general in nature, and is not specific to any reader or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this email or on our website without undertaking independent due diligence. You understand that you are using any and all Information available on or through this blogpost at your own risk.
RISK STATEMENT:
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should do their own independent due diligence or perhaps seek their own independent financial or professional advice. This blogpost does not provide you financial or investment advice. I will not be held responsible for any loss or damage for whatever reason.
[1] Use my referral link https://crypto.com/app/8jv4qt5sxw to sign up for Crypto.com and we both get $25 USD
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